Coca-Cola HBC AG (OTCMKTS:CCHGY) Short Interest Down 95.4% in December

Coca-Cola HBC AG (OTCMKTS:CCHGY) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 400 shares, a decrease of 95.4% from the December 15th total of 8,700 shares. Based on an average daily trading volume, of 6,000 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CCHGY shares. Sanford C. Bernstein started coverage on shares of Coca-Cola HBC in a research report on Tuesday, December 3rd. They set an “outperform” rating for the company. Kepler Capital Markets started coverage on shares of Coca-Cola HBC in a report on Thursday, December 5th. They issued a “hold” rating for the company. Evercore ISI upgraded Coca-Cola HBC to a “hold” rating in a research note on Thursday, October 3rd. Citigroup upgraded Coca-Cola HBC to a “hold” rating in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. upgraded Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Coca-Cola HBC Stock Up 0.5 %

Shares of CCHGY traded up $0.15 during mid-day trading on Wednesday, hitting $33.23. 4,877 shares of the stock were exchanged, compared to its average volume of 3,086. Coca-Cola HBC has a 52-week low of $27.39 and a 52-week high of $37.58. The firm has a 50-day moving average of $34.81 and a two-hundred day moving average of $35.42.

Coca-Cola HBC Company Profile

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.